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Financial Crisis Shows Limits of Presidential Power

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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

David Addington had a snotty way of defining anything the President wanted to do as lawful; and that nobody could constrain a President's power.

Addington has egg on his face. A President's power is meaningless when other forces are more powerful: Foreign powers and the financial markets.

Russian combat troops in Georgia and the financial markets prove Addington wrong: There are constraints on Presidential power; and when those constraints are ignored, the results can be disasterous. The consequences should rest on the shoulders of the President, not the working American voters who have been abused by this President with warrantless surveillance, pre-textual stops, and Constitutional violations.

The President -- in both this financial crisis and the Russian invasion of Georgia -- is learning the hard way: When a president refuses to comply with Geneva or adequately work with the realities of market conditions, the consequences are outside his control. Just as the President has no power to make the financial markets do anything, he has no power to compel Russia to leave Georgia.

Philosophically, when a President ignores the laws of war and the realities of finacial markets, there are natural consequences. This President and Congress have pretended they were immune to the following:

A. Resource Constraints

That President is either challenged by Congress; or he expands his reckless military campaigns like Napoleon and Hitler and overextends himself. Criminal leadership is lawfully removed, not rewarded.

B. Retaliation

The opposing nation, attempting to enforce Geneva, lawfully retaliates against those nations who violate the laws of war.

The President ignored this foreseeable risk, but asks the working American voters to pay those who funded this illegal activity.

C. Bubble Mania

Those who engage in reckless financial decisions, waste money on illegal wars, and rely on sophistry and bubbles to make money have only themselves to blame when the music stops.
The United States Congress, in refusing to impeach and remove this President, has left a reckless President in power, creating problems, and acting as if he were above the laws of man and nature. However, Russian combat troops in Georgia and the failed bailout plan show this President's power has ebbed. His party is not loyal to his leadership, planning, or solutions.

Addington Fueled the President's Delusions About Power

Addington helped fuel this Presidient's ego, making him believe he could expansively ignore Geneva, violate FISA, abuse POWs, and ignore reckless conduct in the finanicial markets.  However, where the laws of man prove adaquate constrain a president, Addington is reminded that there are other factors outside a President's control: Money and power, two commodities this President has squandered and recklessly abused outside the law.

Sovereignty and Self-Governance

The ideal approach is for Americans to domestically self-govern under the rule of law, not rely on foreign powers and market forces to awaken management. Future Presidents will be reminded when they ignore the law, something else lurks over the horizon ready to punish them for their recklessness.

The Congress had the chance to punish this President through an impeachment, conduct oversight, and hold this President to the law. It refused.

The President induced Congress and the American public to not enforce the laws of war. However, this President cannot compel the financial markets to also take a hands-off approach. The markets, unlike a complicit Congress through impeachment for war crimes, are punishing this President's recklessness.

If the Vice President hasn't shredded the memo, let's see Addington's opinion saying the President's power is unconstrained by even the financial markets or foreign combat troops.

Bailout: President Blames Democrats Because DNC Refuses to Impeach

The President and GOP will get away with blaming the Democrats because the Democrats refuse to use the impeachment power to lawfully assult the President for his financial mismanagement.

The financial issue shows when Congress wants to act, it will act. Congress hasn't been interested in Geneva. That is a problem. The war crimes prosecutors can make the case that the problem with Congress isn't a lack of information or understanding, but a refusal to do what they are required to do: Enforce the laws of war. 

This is arguably a subsequent war crime by Members of Congress and consistent with the Justice Trial precedents establishing that civilians who refuse to enforce the laws of war may be lawfully proscuted for malfeasance.

There are more calls to impeach the President for his reckless mismanagement of the American financial system.  There are enough Republicans who supposedly do not support the President on this bailout.

Pelosi isn't connecting the dots. The GOP support for the President is waning. Pelosi has the votes in the House for an impeachment investigation, but refuses to let the GOP Senate -- in a different chamber of the Congress -- hear the evidence of this President's high crimes.

Perhaps a few more high-scale bank failures will turn more of the GOP Senators against the President and awaken Pelosi to her legal obligations.

Let's get these financial mismanagement issues before the Senate for a removal decision. Indeed, the GOP Senators -- during their deliberations after the impeachment trial-phase -- should be required to make the case why they propose challenging the President in financial issues, but do not plan to hold him legally responsible for that mismanagement by removing him from office.

Why is Pelosi willing in a speech from the well of the House to confront the President on a financial issue, but not on high crimes, financial mismanagement and violations of international law? Because she is complicit with war crimes, and has proven herself unreliable as a defender of the Geneva conventions, US Constitution, and FISA requirements during wartime.

Pelosi like the President are the domestic enemies to America's financial security. This American public would reward that complicity, blind to the devastating affects of the markets and foreign powers in punishing the President and Congress for thier incompetence, mismanagement, and collusion.

Artificial Timeline on Congress: Smokescreen from President's Recklessness

We heard the same thing with the Iraq WMD: "Unless we act now -- doom!"  However, as with Iraq WMD, the leadership has not adequately defined the problem, nor outlined a credible solution to those specific, real issues. Leadership requires specifics.

The market, public, and foreign powers are not obliged to listen to ideology, handwaveing or vagueness. Without specifics, foreign powers will continue to enforce the laws of war through combat; and the markets will punish the bad behavior Speaker Pelosi and this President are jointly turning a blind eye.

Pelosi, this President, and the United States government are not providing the leadership. They are part of the domestic problem.

It's unclear how big this financial problem is: There are arguably trillions of dollars of bad debt. A $700M bailout is a drop in the bucket.

The problem may be big, but this mess appears to be larger than the US government can mitigate.  The markets are punishing this President in ways Pelosi thought would never get near her table. The consequences are more than knocking on the proverbial legislative door, they're destroying the village Pelosi claimed she was going to give her "full" attention. Never mind her book tours talking about the idea of leadership, but consider her failure to demonstrate leadership on Geneva and financial issues.

This President ensured the needed reforms were not enacted. He failed to ensure that the risks were adequately managed to prevent a risk to the United States' financial system. This isn't a problem the President is solving. It's one he helped create through his incompetence.

The situation appears to be one that will require more damage, new problems, and a larger assault on the symptoms.  The solutions were in place after 1933: The banks were kept out of the investing business. 

This President and Congress turned a blind eye to the devastation of the Great Depression and the needed solutions, and said -- as with Geneva and FISA -- do what you want. The President and Speaker have what they wanted: A disaster, and it is on their lap. Voting American workers are busy, and do not have the luxury to share the responsibility for leadership failure.

Rewarding Financial Systems Despite Involvement With War Crimes, FISA Violations

Those who told working American voters to put up with home invasions, illegal searches, and warrantless surveillance are telling us that we need to pay for that recklessness. The American government, in ignoring the laws of Genvea and FISA, cannot reasonably expect those they've abused with illegal NSLs and warrantless surveillance to prop up the very institutions instrumental in attacking our fundamental liberties.

The FISA telecoms said they wanted immunity. In response, the financiail markets are punishing the investment banks that helped provide money for this illegal activity at home and Iraq. A green light to illegal activity means Congress and the President are turning a blind eye to accountability. Illegal, reckless activity should not be rewarded with bailouts, but punished through the damaging assault of financial losses.

Working American voters have shouldered FISA violations, home raids, and Constitutional violations. Its time for the Wall Street bankers who financed this illegal activity to shoulder some consequences not rewards.

Increase Minimum Wage, Then Consider Bailout

Today, those who took advantage of the poor regalation would ask taxpayers to bail them out, without giving taxpapers an increase in the minimum wage. What is Wall Street thinking?

Not only have they colluded with the president to actively fund illegal warfare and Constitutional violations, they're demanding those who are targets of that illegal activity provide the relief to thier-funded criminal activity. American working voters refused to support a GOP Congress in 2006, and demanded an end to FISA violations and illegal warfare in Iraq. Congress ignored American voters and Congress must be punished for not using its power to ensure the President lawfully conducted combat operations and maintained financial security.

Despite cost cutting and abusing voting American workers, the financial leadership would require voting workers to take more responsibility for having survived their abuse, and shoulder the yoke of the reckless. The financial leadership incorrectly believes this wagon train is going in the same direction. 

This President, Speaker, and the reckless investment bankers who have funded these FISA-Geneva violations have long departed the lawful stage, and are heading for a cliff. Working American voters are not required to stay attached to a reckless wagon train.

This is a mess this President and Wall Street have jointly created. They said they were above the laws of prudence on lending, FISA, and Geneva. Their illegal, reckless behavior cannot be rewarded with immunity, bailouts, or financial rewards. The markets are doing what the markets are intended to do: Punish foolish financial decisions.

It is outside the power of the President to compel the financial market to obey, especially this late after the damage has started. This President ignored the law and the American public, but finding a more powerful opponent he wants the abused-voters to shoulder his burden.

However, the wrath of the financial market is punishing him for his reckless abuse of power, and mean spirited use of telecoms and financial institutions to fund FISA violations and unlawful warfare.

Had there been real leadership, we would have spent the money (now wasted) to invest in regulatory systems, audits, and financial oversight. We were told that we didn't need that. Rather than ignore enforce the law to safeguard our economic security, this President with Addington's assistance said the FISA and Geneva were not applicable.

We do need  regulatory systems, but not the kind this President and Congress have let spiral into disrepair. This President needs to be held accoutable for refusing to enforce the needed regulation which would have mitigated this damage. He needs to be impeached.

If we're going to discuss bailouts and financial rewards, why is there no discussion on "incentives" for those who made good decisions to not participate, and refused to purchase these inflated-worthless assets? 

Some might hope that any money Wall Street gets to reward them for bad decisions, should be matched by 10-times the dollars provided to those who made prudent decisions. Yet, a cash strapped economy, bleeding from a reckless war in Iraq and mismanaged adventure in Afghanistan has no money to reward the reckless, much less atone for the President's war crimes.

Markets Do What Congress Refuses To Do: Provide Accountability

The framers put the power of the purse in Congress as a check on reckless, expensive Presidential warfare. It was thought that a Congress, strapped with the voter backlash, would quickly force the President to end warfare and not burden the nation with debt.  Rather than end the debts for war, this Congress continues to rubber stamp war crimes, FISA violations, and Constitutional violations.

Rather than focus on a real financial crisis, this Congress and President have been going through the motions on Iraq -- for four years -- and have failed. It is absurd to believe the same President and Congress in a short week apply the same defective decision-planning system to a financial issue.

The Congress is making three errors: Not punishing the President with an impeachment; rewarding those who were complicit with his illegal activity with telecom immunity; then providing a financiail bailout to those who were instrumental in assistaing him with -- or not stopping his -- illegal activity.

The US President would ask we provide relief to the reckless.  If only the President were as "concerned" about FISA-Geneva compliance as he is with his financial mess.

The President's statement and "concern" with the financial issues shows what happens when the President's close friends -- the lobbyists from Wall Street -- are personally affected; and demonstrates why the Congress should impeach: It will awaken the President and others to the concerns of others and their legal obligations under the US Constitution.

Pelosi would rather take impeachment off the table, and get balmed for making a speech about a reckless financial bailout, than confronting the President for his failed leadership.  Inaction by the DNC against the President means the GOP will get away with blaiming the DNC for the "their (illusory) role" in what is really the President's mess: The largest financiail disaster, still unfolding, out of control, and under his watch.

This President has found new scapegoats. Those who really caused this problem are powerful, moneyed institutions who have worked hand in glove with this President and Congress to implement FISA violations, war crimes, and assaults on American liberties. The President would rather prop them up as a reward for their support for his failed idology, than let the complicit fall to the waste heap of history.

This is a mess this President let spiral out of control. It is his mess to clean up. He need to provide the leadership and solve his mess; not pawn the problem onto American voters.

Addington got it wrong during the Iran-Contra affair. He has another lesson that there are real constraints on Presidential power.

A financiail crisis and a loss of confidence has traditionally resulted in social instability. Addington's preference may be be to support martial law, saying nothing about the "market reaction" to another seige against working American voters.

It's time working American voters stood up to Addington's delusions about Presidential power. The markets and foreign powers moved first, but Congress is still asleep. Americans are not required to remain loyal to any domestic institutions or centers of power which threaten or refuse to lawfully defend our Constitution and national security.


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